Succession planning - we can't escape it

The question of one's own succession is one of the most important but also most uncomfortable challenges in an entrepreneur's professional life.

The internal family transfer of the baton is still a popular form of succession. However, this is not always possible or sensible, so an alternative solution must be found.

The idea of having to hand over one's own company, which has been built up with a lot of time and dedication, to strangers, creates a claustrophobic feeling for many entrepreneurs. As a result, dealing with this question is often postponed for a long time.

However, one cannot escape this important question. Therefore, it is important to plan and implement one's own succession in a timely and thorough manner.

Planned in good time, there are many ways to optimally structure the company succession in the interest of the shareholders, the company and the employees.